Moving from Boston to Manhattan for an Analytics Engineer role. I am planning to move to Manhattan, NY for a new gig. It has been a dream-come-true to live in the city that never sleeps. I would like to know how much do I need to get paid to have a decent lifestyle (1 or a 2bed apt; frequent the bars, restaurants, Broadway, etc.) PS: Please don't ask me to change my mind. I need to move to NYC. I just need genuine responses. Current TC: 95k YOE: 6 #newyork #tech #manhattan #newyork
Depends on where?? Manhattan and NYC boroughs are HUGE. You can just do some simple calculation yourself. ((Rent in your desired area + monthly expenses) * 12)/(your tax bracket) == pre-tax TC you need.
I haven’t decided that yet. Probably around west village. My office is close to Times Square. Need a number to negotiate.
Rent 1 bed at west village is 4-5K per month. https://streeteasy.com/for-rent/west-village. Monthly splurging maybe $2k. That's $7K monthly, no savings. So 84,000/(1 - 0.24 - 0.035 - 0.0633 + other tax) ~= 130K TC. I am pretty sure you can do this math for yourself, but I did it anyway.
Account for $10k a month in spendings the rest is based on how much do you want to save.
>dream come true to live in NYC Why? What causes people to think like this? What could be enticing about the trash on streets, rats, homeless, puddles of piss, and outrageously expensive prices for average or slightly above average food? Why are people so enamored by NYC? Anyway to answer your question genuinely - it depends on how much you are willing to give up? Having a car is not needed, but some people want one anyway. Are you willing to share a place with roommates? How much do you want to spend on drinks and food? Dates? I’d say with a relatively humble lifestyle, 150-180k is enough for you to live a good life with decent amount of disposable income for you to enjoy. Nothing lavish but decent.
Nothing unless you can invent a time machine. NYC was the place to be in 80s and 90s.
Everyone’s going to give you a huge number but I was pretty happy on $90k with a cozy studio in the village and enough to go out when I wanted. All depends on your lifestyle.
100k to live a good life in Brooklyn/Queens, gives u 2.5k for rent using the 40x rule
https://www.nerdwallet.com/cost-of-living-calculator Select Manhattan
I live on my 40-50k a year. Find rapidly diminishing returns on spending more than that
If you want a 1bedroom Manhattan apartment and want to eat out and see Broadway shows expect to burn AT LEAST 5k a month bare minimum. 200k TC if you want to save anything
🌲 fiddy
Base or TC?
TC